Which of the following correctly identifies characteristics of land and capital?
A) Land and capital can both be rented and owned.
B) Land is rented, whereas capital is owned.
C) Land can be owned or rented, whereas capital can only be owned by a firm.
D) Capital can be owned or rented by a firm, whereas land can only be owned by a firm.
A
Economics
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If a worker can produce 20 units of output which can be sold for $4 per unit, what is the maximum wage that firm should pay to hire this worker?
A) It depends on what the going wage rate is in the labor market. B) $80 minus the firm's profit markup C) $80 D) There is insufficient information to answer the question.
Economics
In the United States, out-of-pocket spending on health care is about ________ percent of all health care spending
A) 2 B) 10 C) 33 D) 48
Economics